Issue link: https://pma.uberflip.com/i/1517839
Total Shoreside Payrolls Processed by PMA The data in the table below include payments to all occupations reported by PMA members for payroll purposes. Occupational categories include longshoremen, clerks, foremen, watchmen, mechanics, warehousemen, maintenance men, dispatchers, Joint Port Labor Relations Committee employees and other miscellaneous workers. Southern Northern Year California California Oregon Washington Total 2013 1,022,540,577 188,749,798 104,223,553 253,529,273 1,569,043,202 2014 1,192,187,058 195,667,442 111,167,960 268,705,584 1,767,728,044 2015 1,301,088,979 213,019,912 112,807,107 294,158,684 1,921,074,681 2016 1,278,431,800 213,866,138 109,398,277 290,220,941 1,891,917,156 2017 1,403,871,115 224,314,644 116,080,546 296,431,598 2,040,697,904 2018 1,482,684,001 237,293,257 120,919,588 320,706,674 2,161,603,520 2019 1,463,334,950 250,105,560 118,368,846 331,514,229 2,163,323,585 2020 1,478,588,464 248,328,781 123,571,959 289,211,614 2,139,700,818 2021 1,764,260,540 265,545,232 135,503,444 334,599,286 2,499,908,502 2022 1,800,586,667 285,570,626 153,740,206 352,448,467 2,592,345,966 2023 $ 1,830,098,498 $ 317,671,366 $ 159,968,198 $ 391,664,397 $ 2,699,402,459 PMA also collects and transfers employer contributions to the Federal Insurance Contributions Act (FICA) accounts and State Unemployment Insurance (SUI) accounts on these payrolls. In 2023, employer FICA taxes paid were $203,604,254 and SUI taxes paid were $49,264,105. ILWU-PMA 401(k) Plan For Plan Year Ended June 30: 2023 2022 2021 2020 2019 2018 Contributions Employee $ 132,947,440 $ 143,823,524 $ 130,743,918 $ 105,564,806 $ 108,960,961 $ 99,178,979 Employer 33,128,001 32,415,368 29,731,535 30,237,857 30,925,613 29,854,579 Total Contributions $ 166,075,441 $ 176,238,892 $ 160,475,453 $ 135,802,663 $ 139,886,574 $ 129,033,558 Investment Income Net realized/unrealized appreciation $ 277,976,324 $ (412,061,785) $ 612,719,054 $ 70,203,662 $ 68,171,441 $ 87,393,093 Interest and Dividends 40,896,389 40,991,065 33,687,535 35,059,693 43,511,422 90,070,282 Less: Investment Expense - - - - - - Total Additions $ 484,948,154 $ (194,831,828) $ 806,882,042 $ 241,066,018 $ 251,569,437 $ 306,496,933 Distributions Distributions to participants (176,956,640) (152,038,838) (209,328,853) (223,406,450) (119,605,065) (98,131,823) Net Change $ 307,916,291 $ (347,066,831) $ 597,301,005 $ 17,515,524 $ 131,964,372 $ 208,365,110 Net Assets available for Benefits Beginning of year 2,441,918,578 2,788,985,409 2,191,684,404 2,174,168,880 2,042,204,508 1,833,839,398 End of year $ 2,749,834,869 $ 2,441,918,578 $ 2,788,985,409 $ 2,191,684,404 $ 2,174,168,880 $ 2,042,204,508 Other Assessments *Inbound from B.C. applicable to General Cargo and Lumber and Logs loaded in B.C. Benefits CFS Marine Clerk Crane Board PMA Plans Program 401(k) Work Opportunity Make Whole Cargo Dues Total Assessment Rates 2023/2024 Payroll Hour Rate L/S and Clerk $29.15 $0.75 $1.58 $31.48 Walking Boss $29.15 $2.81 $1.58 $33.54 Steady Walking Boss & Foremen $34.03 $3.28 $1.84 $39.15 Offshore and Intercoastal Tonnage Rates Containers - LA/LB RUs (TEUs) $26.97 $0.11 $0.29 $0.25 $9.15 $36.77 Containers - OAK RUs (TEUs) $26.97 $0.11 $0.29 $0.01 $9.15 $36.53 Containers - Other Ports RUs (TEUs) $26.97 $0.11 $0.29 $9.15 $36.52 General Cargo $ 1.587 $0.538 $ 2.125 Lumber and Logs $ 1.587 $0.538 $ 2.125 Autos and Trucks $ 0.128 $0.538 $ 0.666 Bulk Cargo $ 0.031 $0.011 $ 0.042 Coastwise and Inbound from British Columbia* Containers - LA/LB RUs (TEUs) $19.04 $0.08 $0.20 $0.17 $9.15 $28.64 Containers - OAK RUs (TEUs) $19.04 $0.08 $0.20 $9.15 $28.47 Containers - Other Ports RUs (TEUs) $19.04 $0.08 $0.20 $9.15 $28.47 General Cargo $ 0.654 $0.538 $ 1.192 Lumber and Logs $ 0.654 $0.538 $ 1.192 Autos and Trucks $ 0.053 $0.538 $ 0.591 Bulk Cargo $ 0.013 $0.011 $ 0.024 66 2023 ANNUAL REPORT S TAT I S T I C A L I N F O R M AT I O N